EA Makes a Bid for Take-Two with Strong Corporate Connections
(NewsVisual, powered by IntellectSpace)-- Electronic Arts Inc (NASDAQ: ERTS) made a $2 billion offer for Take-Two Interactive Software Inc (NASDAQ: TTWO), a move that would cut the competition between the video game publishers.
Yesterday EA announced that it was making the unsolicited cash bid of $26 a share for Take-Two, despite the rejection of last week’s takeover proposal. EA appears to be adamant about a deal and will likely continue to push for consolidation, especially considering that the merger of Activision Inc and Vivendi SA created an even greater rival with the birth of Activision Blizzard Inc.
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